Seaport Res Ptn Has Optimistic View of AAL FY2024 Earnings

American Airlines Group Inc. (NASDAQ:AAL) – Equities research analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of American Airlines Group in a note issued to investors on Thursday, December 5th. Seaport Res Ptn analyst D. Mckenzie now anticipates that the airline will post earnings per share of $1.77 for the year, up from their previous forecast of $1.47. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for American Airlines Group’s current full-year earnings is $1.49 per share. Seaport Res Ptn also issued estimates for American Airlines Group’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $1.55 EPS, Q3 2025 earnings at $0.50 EPS, FY2025 earnings at $2.50 EPS and FY2027 earnings at $3.00 EPS.

A number of other research analysts have also weighed in on the stock. Bank of America raised their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Barclays lifted their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday. Evercore ISI increased their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. Finally, Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.82.

American Airlines Group Price Performance

AAL stock opened at $17.40 on Monday. The company’s 50-day moving average is $13.44 and its 200-day moving average is $11.80. The stock has a market capitalization of $11.43 billion, a PE ratio of 52.73, a price-to-earnings-growth ratio of 0.26 and a beta of 1.41. American Airlines Group has a 1 year low of $9.07 and a 1 year high of $18.09.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year.

Hedge Funds Weigh In On American Airlines Group

Several institutional investors have recently modified their holdings of AAL. Cetera Investment Advisers boosted its position in American Airlines Group by 271.8% during the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after buying an additional 136,797 shares during the period. Cetera Advisors LLC lifted its position in American Airlines Group by 18.2% in the first quarter. Cetera Advisors LLC now owns 35,591 shares of the airline’s stock valued at $546,000 after purchasing an additional 5,480 shares during the last quarter. CWM LLC boosted its stake in shares of American Airlines Group by 5.2% during the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after purchasing an additional 1,059 shares during the period. QRG Capital Management Inc. grew its holdings in shares of American Airlines Group by 92.8% in the second quarter. QRG Capital Management Inc. now owns 47,549 shares of the airline’s stock worth $539,000 after purchasing an additional 22,893 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in American Airlines Group by 132.8% during the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after buying an additional 598,941 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.